National Fertilizers Ltd. (NFL) AI Stock Analysis

• Market Cap: ₹45.19B
• Dividend Yield: 1.64%
• Average Volume (3M): 132.01K
• Price to Earnings (P/E): 30.5
• Beta (1Y): 1.83
• Revenue Growth: -22.78%
• EPS Growth: -41.69%
• Country: IN
• Employees: 2,739
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): -0.80
• Shares Outstanding: 490,578,400
• 10 Day Avg. Volume: 105,901
• 30 Day Avg. Volume: 132,008
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹97.00
• Price Target Upside: 5.30% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 53 Neutral
• Price Target: ₹97.00 ▲(5.30% Upside)

National Fertilizers Ltd. has a mixed financial performance with some liquidity improvements but high leverage risks. Technical analysis shows a neutral to slightly positive trend, while valuation metrics indicate the stock is relatively expensive. These factors result in a moderate overall stock score.

National Fertilizers Ltd. Business Overview & Revenue Model

Company Description

National Fertilizers Ltd. (NFL) is a leading public sector enterprise in India, primarily engaged in the production and marketing of urea and other fertilizers. Established in 1974, the company operates in the chemicals and agribusiness sectors, offering a range of products including urea, bio-fertilizers, and industrial chemicals. NFL is committed to enhancing agricultural productivity by providing high-quality fertilizers to farmers across India.

How the Company Makes Money

NFL makes money primarily through the sale of chemical fertilizers, specifically urea, which is its flagship product. The company operates several urea manufacturing plants across India, ensuring a steady supply to meet the agricultural demand. Revenue is generated from both direct sales to farmers and through a network of dealers and distributors. Additionally, NFL earns income from the sale of bio-fertilizers and industrial chemicals. The company benefits from government subsidies and policies that support the fertilizer industry, further contributing to its revenue. Strategic partnerships and collaborations with research institutions and other agricultural entities also play a role in enhancing NFL's product offerings and market reach.

National Fertilizers Ltd. Financial Statement Overview

Summary

National Fertilizers Ltd. shows a mixed financial performance with volatility in revenue and profitability. The balance sheet is stable but has high leverage, and cash flow improvements are promising but require careful management.

Income Statement

National Fertilizers Ltd. has faced challenges in maintaining a stable revenue base, with recent years showing significant volatility in total revenue. The company has struggled with profitability, as indicated by fluctuating net profit margins and negative gross profits in some years. However, the most recent year shows a slight recovery in net income, which is a positive sign.

Balance Sheet

The balance sheet shows a moderate level of stability with a consistent stockholders' equity position. However, the debt-to-equity ratio is relatively high, indicating potential financial leverage risks. Nevertheless, the equity ratio remains stable, suggesting some resilience in the company's asset financing structure.

Cash Flow

Cash flow analysis indicates an improvement in operating cash flow in the most recent year, which is promising for liquidity. The company has managed to generate positive free cash flow after a period of negative cash flows, enhancing its cash position. However, cash flow from investing and financing activities signals caution in capital allocation and debt management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	206.22B	197.94B	235.60B	296.17B	49.08B	46.75B
Gross Profit	22.61B	25.63B	27.64B	32.51B	-85.58B	-44.52B
EBITDA	9.32B	8.10B	8.02B	12.70B	6.16B	9.31B
Net Income	2.57B	1.84B	1.50B	4.58B	-951.20M	2.37B
Balance Sheet
Total Assets	0.00	93.11B	112.06B	125.34B	104.94B	84.12B
Cash, Cash Equivalents and Short-Term Investments	662.40M	1.42B	299.30M	656.30M	258.20M	393.30M
Total Debt	0.00	20.01B	40.91B	39.93B	31.72B	18.92B
Total Liabilities	-25.46B	65.95B	86.51B	99.92B	84.47B	62.72B
Stockholders Equity	25.46B	27.16B	25.54B	25.42B	20.47B	21.40B
Cash Flow
Free Cash Flow	0.00	23.86B	3.76B	-5.41B	-13.26B	66.03B
Operating Cash Flow	0.00	25.90B	6.68B	-3.33B	-10.29B	70.21B
Investing Cash Flow	0.00	-2.68B	-3.34B	-2.06B	-1.29B	-4.97B
Financing Cash Flow	0.00	-23.34B	-3.18B	5.26B	11.45B	-65.05B

National Fertilizers Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 92.12
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:NFL, the sentiment is Negative. The current price of 92.12 is below the 20-day moving average (MA) of 96.55, below the 50-day MA of 95.52, and below the 200-day MA of 95.92, indicating a neutral trend. The MACD of 0.46 indicates Positive momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 0.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:NFL.

National Fertilizers Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNFC	68 Neutral	73.04B	13.13	6.96%	3.62%	-9.97%	9.63%
GSFC	68 Neutral	78.66B	12.43	4.87%	2.53%	3.26%	19.18%
MANGCHEFER	61 Neutral	37.34B	24.02	13.50%	0.47%	-7.43%	8.03%
RCF	58 Neutral	79.39B	28.70	5.11%	0.83%	-8.23%	69.99%
NFL	53 Neutral	₹45.19B	30.52	―	1.64%	-22.78%	-41.69%
MADRASFERT	52 Neutral	13.77B	20.30	-198.92%	―	13.28%	-15.68%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

National Fertilizers Ltd. Corporate Events

Board of Directors Change at National Fertilizers Limited

National Fertilizers Limited has announced a change in its Board of Directors with the retirement of Shri Rajan Kanwar, Director (Technical), upon reaching the age of superannuation. This change is effective from May 1, 2025, and may impact the company’s strategic direction and technical operations.